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Friday, 18 May 2018
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Should We Be Worried?

A quick technical look at the S&P 500 in the very short term suggests that the overnight dip is nothing to concern us yet. We are top of the trading range in this most recent (short) six-week uptrend. If the US market dipped to the bottom of that range you might see the market lose around 3%. Nothing to stress investors, traders might be thinking about taking a profit now and coming back later.

The ASX 200 is a different proposition. This is the five-year chart:

This is the one year chart - as you can see there has just been an RSI sell signal and MACD (momentum of the uptrend) has been fading. Again, short-term you couldn’t be blamed for taking some profits.


Bottom line: With

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